Business
Naira slumps further against Dollar at parallel market
The naira depreciated at the parallel forex market where forex is sold unofficially, the exchange rate quoted at N1340/$1 as against the N1325/$1it closed the previous day, representing a loss of N15 while peer-to-peer traders quoted around N1358.53/$1.
The naira closed flat against the British Pound to close at N1,660/£1 same as the previous trading day.
The Canadian dollar also closed flat at N990/CA$1, after more than one week of trading steadily at N980/CA$1
READ ALSO: Naira slump continues, closes at N931.23 /$1 at official market
The naira shed N70 against the Euro to depreciate to ₦1,450/€1 as against the previous closing price of ₦1,385/€1 it traded the previous trading day.
Meanwhile, the local currency appreciated to close at N902.08/$1 represents a gain of N29.15 gain in the local currency compared to the N931.23 closed on Wednesday January 17, 2024.
The intraday high recorded was N1261/$1, while the intraday low was N760/$1, representing a wide spread of N501/$1.
-
Trending Stories1 week agoDavido, Wizkid, Burna Boy or Asake: Who is having the biggest 2026 so far?
-
Football7 days agoPremier League releases 2026/27 festive fixtures, 7 matches set for Boxing Day
-
Crime6 days agoAnambra Police arrest mother over alleged child sexual exploitation
-
Business5 days agoJetour Nigeria, dealers take dashing, other models to Abuja Experience
-
Business6 days agoDangote Refinery IPO shifts spotlight to corporate governance, investor protection
-
Business3 days agoDangote IPO rush crashes Bamboo login as investors flood platform
-
Business2 days agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
Business6 days agoNaira gains ground as Euro holds around N1,548, reserves hit 18-year high